Corporation Tax Act 2010
- Type of Bill:
- Government Bill
- Alistair Darling
- Lord Davies of Oldham
Progress of the Bill
Bill started in the House of Commons
- House of Commons
- House of Lords
- Royal Assent
- Royal Assent 3 March, 2010 | 03.03.2010
Act of Parliament
|Corporation Tax Act 2010 c.4 | PDF version, 5MB||03.03.2010|
Latest news on the Corporation Tax Act 2010
Following agreement by both Houses on the text of the Bill it received Royal Assent on 3 March. The Bill is now an Act of Parliament (law).
Summary of the Corporation Tax Act 2010
This Bill follows the Corporation Tax Act 2009, which rewrote the charge to corporation tax and the primary corporation tax legislation used by companies in computing their income. The Bill substantially completes the rewrite of the corporation tax code. It includes provisions on losses and gifts to charities, various reliefs such as group relief, distributions, particular types of companies and activities, avoidance, and definitions.
This is the sixth Bill produced by the Tax Law Rewrite Project; the Bill rewrites the law without changing its general effect.
Rewrite Bills are subject to a streamlined procedure for Parliamentary scrutiny: they are introduced in the House of Commons, referred to a Second Reading Committee, and then to a joint Committee of both Houses.
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